asked 28.5k views
3 votes
Question 2 (2 points) ✓ Saved

In the news, you hear "tuition is expected to increase by 12% next year." If tuition
this year was $5,500 per year, what will it be next year?
660
6160
4840
Cannot be solved.

asked
User Barabas
by
8.0k points

1 Answer

7 votes

Answer: 6,160

Explanation:

Immediately, without even doing any math, the only logical answer would be 6160. This is because the current tuition is 5,500 and it is increasing so the answer cannot be lower.

However, mathematically you can prove this by turning 12% into a decimal and multiplying it by 5,500. 12% could be converted to .12 and because it is increasing you must add 1, or 100%, since that is what it started with. 5,500 x 1.12 = 6,160.

answered
User EnterML
by
7.6k points
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